Followers | 7 |
Posts | 604 |
Boards Moderated | 0 |
Alias Born | 03/08/2017 |
![](https://investorshub.advfn.com/uicon/602580.png?cb=1522743735)
Friday, April 28, 2017 3:49:36 PM
Calpine (CPN +4%) is higher following mixed Q1 results in which its reported $0.16/share loss was worse than the analyst consensus estimate for a $0.10 loss, but revenues rose 41% Y/Y.
CPN's Q1 loss narrowed vs. Q4 2016 despite a mild Texas winter and a wet year in the west, which produced above average levels of hydroelectric power; in both cases, demand was low from CPN’s natural gas fired power plants.
CPN also says it cancelled construction of 418 MW gas-fired peaking power plant in Texas, instead signing a 10-year supply deal for the Guadalupe Valley Electric Cooperative, which serves an area north of Victoria, Tex.
Most of the day's gain may have been sparked by comments from CEO Thad Hill during CPN's earnings call that the stock's depressed share price has made the company a potential leveraged buyout target, according to SparkSpread.
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM